Analyst Action: CBS Estimates Up, Tesla Price Target Rises, NVIDIA at Outperform

CBS Corporation (NYSE:CBS): Piper Jaffray raised its estimates and price target for CBS citing the company’s solid Q4 results and improving margins. The firm says it remains a buyer of the stock with an Overweight rating.

Tesla Motors, Inc. (NASDAQ:TSLA): Baird raised its price target on Tesla Motors following Q4 results. The firm cited the company’s impending commercial Model S production, record levels of reservations, progress at its NUMMI factory and management guidance. Shares are Outperform rated.

Abercrombie & Fitch Co. (NYSE:ANF): Baird raised its price target on Abercrombie & Fitch following qr results. The firm cited relative valuation,premium positioning, and global strategy which will support its margins and revenues. Shares are Outperform rated.

The Ensign Group, Inc.(NASDAQ:ENSG): Oppenheimer increased its target on Ensign Group after the company reported higher than expected Q4 adjusted EPS and higher than expected FY12 EPS guidance. The firm raised its estimates and maintains an Outperform rating.

NVIDIA Corporation (NASDAQ:NVDA): After NVIDIA provided lower than expected Q1 gross margin guidance due to unfavorable 28nm yields, Oppenheimer believes that yields are a temporary challenge and maintains an Outperform rating on the stock.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com